Real Estate News

Oct. 10, 2021

The Monday Minute - October 11, 2021

 

It's still a strong seller's market in the Palm Springs area! The number of homes for sale has crossed the 900 mark only once all year, and inventory is still near record lows. Has the low inventory caused home prices to continue to rise in the area ...

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Oct. 4, 2021

The Monday Minute - October 4, 2021

 

New listings in the Palm Springs area are up for the 4th week in a row, as are the number of homes available for sale. This is the first increase in new listings in over two months. Closed transactions were also up again while the average selling price seems ...

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Sept. 27, 2021

The Monday Minute - September 27, 2021

New listings in the Palm Springs area were down +2.9% last week. New listings are still well below normal, as is inventory, which has remained fairly constant over the last few weeks.

 

New escrows have remained just below 200 for each of the last three weeks and we ...

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Sept. 20, 2021

The Monday Minute - September 20, 2021

 

New listings in the Palm Springs area were up +11.7% last week, the biggest jump we’ve seen in new listings in several weeks. At the same time, inventory remained essentially flat as did the number of new escrows. 

 

Average selling prices rose +6% to  $617,444 ...

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Sept. 15, 2021

Palm Springs Area Homes Are Selling Quickly & For Top Dollar!

While the real estate market continues to be strong in the Palm Springs area, we are still waiting for our inventory to return to normal as we close out the summer. Our market continues to be characterized by low inventory that's resulting in fewer sales than last year, with homes ...

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Sept. 13, 2021

The Monday Minute - September 13, 2021

 

This week we see a dramatic drop in new listings, down -19.6%, new escrows, down -13.4%, and closed transactions, down 39.8%. While the number of homes available for sale remained stable, that was primarily due to less buyer activity, as noted in the decline in new ...

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Aug. 30, 2021

The Monday Minute - August 30, 2021

 

The Palm Springs real estate market has settled into a consistent pattern over the last few weeks. Slightly more homes are available for sale even as new listings are trending slightly downward. How can that be? 

Much of that can be attributed to slowing buyer activity. Buyer activity ...

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Aug. 23, 2021

The Monday Minute - August 23, 2021

 

Inventory continues to increase ever so slightly in the Palm Springs area! With many buyers sitting on the sidelines, there is less competition for homes than there was during the 1st half of the year.

Yet the best homes, if they're priced right, are still selling quickly. Scroll ...

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Aug. 18, 2021

Palm Springs Home Sales Decline But Sale Prices Remain Strong!

 

While the market remains strong in the Palm Springs area, we are seeing a slight shift in market indicators as we head toward the end of the summer selling season. 

 

When we look at what's happening in the market month to month, we find that the ...

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Aug. 16, 2021

The Monday Minute - August 16, 2021

 

We continue to see a slow, gradual increase in the number of homes available for sale in the Palm Springs area. But this increase is not due to more homes coming to market, but a decline in buyer activity.

With the recent rapid rise in selling prices, many buyers ...

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